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© 2018 Safal Partners1
Charter Schools Facilities Project Directors Workshop Webinar
Credit Enhancement Webinar Series:
© 2018 Safal Partners2
Funded through the U.S. Department of Education
Makes accessible high-quality resources to support the charter school sector.
Please visit the National Charter School Resource Center (http://www.charterschoolcenter.gov) for
news, resources and information on charter schools.
About the National Charter School Resource Center
© 2018 Safal Partners3
Clifton JonesProgram Officer for Credit Enhancement Grants,
Charter Schools Program,U.S. Department of Education
Jonathan NakamotoResearch Associate,
WestEd
Lydia MusherProgram Director,
Safal PartnersOn behalf of the National Charter School Resource Center
Presenters
© 2018 Safal Partners4
CE Program Updates — Clifton Jones
Analysis of Transaction CE Data — Jonathan Nakamoto
Update on Feasibility Report — Lydia Musher
CE Workshop — Clifton Jones
Questions and Comments
Agenda
© 2018 Safal Partners5
CE Program Updates — Clifton Jones
Analysis of Transaction CE Data — Jonathan Nakamoto
Update on Feasibility Report — Lydia Musher
CE Workshop — Clifton Jones
Questions and Comments
Agenda (CE Program Updates)
© 2018 Safal Partners6
Charter Schools Program Logic Model
Theory of Change: Federal funding for new and innovative approaches to schooling will lead to schools that better meet
students’ educational needs and result in improved educational attachment outcomes for students.
Increased percentage of students achieving proficient or above on state assessments
Increased percentage of students graduating from high school college and/or career ready
Enhanced public understanding and support for charter schools
CE Updates
© 2018 Safal Partners7
Credit Enhancement Program Logic Model
Purpose: To ensure the success of the Credit Enhancement Program through an improved understanding of the relationship among
program resources, planned activities, and the results achieved.
CE UpdatesProgram Logic Model
© 2018 Safal Partners8
Credit Enhancement Monitoring Protocol
Purpose: To improve the monitoring of grantee compliance, and the evaluation of program risk.
Monitoring: To examine policies, systems, and procedures to ensure compliance with Federal statutes, regulations, Guidance, grant applications, and performance agreements.
CE UpdatesMonitoring Procol, 1 of 3
© 2018 Safal Partners9
Credit Enhancement Monitoring Protocol
Current Monitoring Includes:
Review of APR
Monitoring Calls
Establishing Performance Agreements
CE Updates Monitoring Procol, 2 of 3
© 2018 Safal Partners10
Credit Enhancement Monitoring Protocol
Possible Monitoring Includes:
Development of Monitoring PlanOn-site
Remote
Review of APR
Quarterly Data Collection
Monitoring Calls
Streamlined Performance Agreements Approval
CE UpdatesMonitoring Procol, 3 of 3
© 2018 Safal Partners11
Credit Enhancement Program Dashboard
Purpose: To display clear and accurate Credit Enhancement grantee data
Categories
Grant Award Information
Brief Description
Schools by Fiscal Year
Amount Leveraged
Directly Credit Enhanced
CE UpdatesProgram Dashboard, 1 of 4
© 2018 Safal Partners12
Credit Enhancement Program Dashboard
CE UpdatesProgram Dashboard, 2 of 4
© 2018 Safal Partners13
Credit Enhancement Program Dashboard
CE UpdatesProgram Dashboard, 3 of 4
© 2018 Safal Partners14
Credit Enhancement Program Dashboard
CE UpdatesProgram Dashboard, 4 of 4
© 2018 Safal Partners15
CE Program Updates — Clifton Jones
Analysis of Transaction CE Data — Jonathan Nakamoto
Update on Feasibility Report — Lydia Musher
CE Workshop — Clifton Jones
Questions and Comments
Agenda (Analysis of CE Data)
© 2018 Safal Partners16
Number of CE transactions, schools, and students
Number of schools by grantee and state
Instructional level
Geographic locale
School enrollment by grantee and state
Student demographic characteristics
Math and reading proficiency rates by grantee and state
Overview of the Analysis of the CE Data
© 2018 Safal Partners17
CE Transactions, Schools, and Students
© 2018 Safal Partners18
Number of CE Schools Open in 2012-13, by Grantee
© 2018 Safal Partners19
Number of CE Schools Open in 2012-13, by State
© 2018 Safal Partners20
Instructional Level of the CE Schools Open in 2012-13
© 2018 Safal Partners21
Geographic Locale of the CE Schools Open in 2012-13
© 2018 Safal Partners22
Number of Students Enrolled in CE Schools in 2012-13, by Grantee
© 2018 Safal Partners23
Number of Students Enrolled in CE Schools in 2012-13, by State
© 2018 Safal Partners24
Free and Reduced-Price Lunch Students in CE Schools in 2012-13
© 2018 Safal Partners25
Free and Reduced-Price Lunch Students in CE Schools in 2012-13, by Grantee
© 2018 Safal Partners26
Race/Ethnicity of Students in CE Schools in 2012-13
© 2018 Safal Partners27
Math Proficiency Rate Differences in 2012-13between CE Schools and All Schools, by State
1 of 2
© 2018 Safal Partners28
Math Proficiency Rate Differences in 2012-13between CE Schools and All Schools, by State
2 of 2
© 2018 Safal Partners29
Math Proficiency Rates in CE Schools in 2012-13, by Grantee
© 2018 Safal Partners30
Reading Proficiency Rate Differences in 2012-13 between CE Schools and All Schools, by State 1 of 2
© 2018 Safal Partners31
Reading Proficiency Rate Differences in 2012-13 between CE Schools and All Schools, by State 2 of 2
© 2018 Safal Partners32
Reading Proficiency Rates in CE Schools in 2012-13, by Grantee
© 2018 Safal Partners33
CE Program Updates — Clifton Jones
Analysis of Transaction CE Data — Jonathan Nakamoto
Update on Feasibility Report — Lydia Musher
CE Workshop — Clifton Jones
Questions and Comments
Agenda (Update on Feasibility Report – Lydia Musher)
© 2018 Safal Partners34
A feasibility report has been commissioned
to answer these questions:
How could the lag time between transaction closing and public awareness of a transaction be shortened?
How could the annual reporting process be made simpler and more frequent to aid in the shortening process?
What value-added features or content could be offered as part of the process of building a new reporting tool?
Update on Feasibility Report1 of 2
© 2018 Safal Partners35
The methodology for the creation of this report is:
Telephone interviews with select CE grantees
Webinar polls of all CE grantees (today)
Review of annual reports from CE grantees
Reference to source documentation about the CE program
Update on Feasibility Report2 of 2
© 2018 Safal Partners36
How often does your organization refer a school to another CDFI?
Less than once per year
Once per year to once per month
Once per month to once per week
More than once per week
Poll Questionhow often does your organization …
© 2018 Safal Partners37
How often does your organization refer a school to another CDFI?
Interview results suggest that:
There is no efficient central database for schools to use
Larger CDFIs create reports for school use
Smaller CDFIs offer recommendations
Discussion of Poll ResponsesHow often does your organization refer …
© 2018 Safal Partners38
Approximately how many person-hours does it takefor your organization to prepare the annual report
required by the Department of Education?
0 to 40 hours (zero to one person-week)
40 to 80 hours (one to two person-weeks)
80 to 160 hours (two to four person-weeks)
160 to 320 hours (four to eight person-weeks)
More than 320 hours
Unsure
Poll QuestionHow many person-hours does it take …
© 2018 Safal Partners39
Approximately how many person-hours does it takefor your organization to prepare the annual report
required by the Department of Education?
Interview results suggest that:
Larger CDFIs require 160 or more hours
Smaller CDFIs require 80 to 160 hours
Discussion of Poll ResponsesHow many person-hours does it take …
© 2018 Safal Partners40
Which of the following isan opportunity for your organization?
Online searchable database of closed CE transactions
Online searchable database of CDFIs
Content that informs schools about the CE process
A match.com-style exchange for schools and CDFIs
Other
Poll Question
© 2018 Safal Partners41
Which of the following isan opportunity for your organization?
Interview results suggest that there is the most interest in:
A match.com-style exchange for schools and CDFIs
Content that informs schools about the CE process
Online searchable database of CDFIs
Online searchable database of closed CE transactions
Other
Discussion of Poll Responses
© 2018 Safal Partners42
If your organization had to submitboth real-time and annual reports,
which APR data would be most easily submitted in real time?
CDFI financial records
CDFI audit statement
CDFI effectiveness evaluation
CDFI activity description
Description of charter school
Description of partner financial institutions
Poll Question:Select all that apply.
© 2018 Safal Partners43
If your organization had to submitboth real-time and annual reports,
which APR data would be most easily submitted in real time?
Interview responses suggest:
Simplified APR is a necessary for real-time reporting
Outside information is harder to obtain
Discussion of Poll ResponsesIf your organization had to submit both …
© 2018 Safal Partners44
Finish CE grantee interviews by phone
Finalize and submit the feasibility report
Optionally, create a specification for a match.com-style exchange
We look forward to working together!
Next Steps
© 2018 Safal Partners45
CE Program Updates — Clifton Jones
Analysis of Transaction CE Data — Jonathan Nakamoto
Update on Feasibility Report — Lydia Musher
CE Workshop — Clifton Jones
Questions and Comments
Agenda (CE Workshop – Clifton Jones)
© 2018 Safal Partners46
Credit Enhancement for Charter School
Facilities Project Directors Workshop
May 6th and 7th
Ceaser Chavez Building
1244 Speer Boulevard
RM 221
Denver, CO 80204
CEPD Workshop Overview
© 2018 Safal Partners47
Wednesday, May 6th (Optional)
10:00 am – 12:30 pm Optional: Boot Camp /
One-on-One Meetings
15 minutes per grantee (please request meeting in your
reservation)
12:30 pm – 1:00 pm Optional: Break /
Lunch on your own
Wednesday, May 6th (Official)
1:00 pm – 1:30 pm Sign-In The attendees need to sign in and show a driver’s license or
other form of government ID
1:30 pm – 2:00 pm Welcome U.S. Department of Education
2:00 pm – 4:00 pm Grantee Program Introductions and
Presentations
Approximately 5 minutes per grantee
Please be prepared to present items to share on your project,
some of which could include the following:
• Number of grants
• Types and structure of funds
• Recent transaction volume
• Dollars leveraged
• Amount of credit enhancement available
• Anything new or novel that is innovative
• Any new senior lending sources
• Any challenges they are dealing with lending to charter
schools
• Burning issues that are interested in discussing with the
fellow grantees
CE PD Workshop Overview (1 of 2)
© 2018 Safal Partners48
Thursday, May 7th (Optional)
8:00 am – 8:15 am Sign-In The attendees need to sign in and show a driver’s license or
other form of government ID
8:15 am – 9:45 am Working Session 1
9:45 am – 10:00 am Break
10:00 am – 11:00 am Working Group Feedback Session 1 10- to 12-minute share-out and Q & A per working group topic
11:00 am – 12:00 pm Working Lunch Brenna Copeland Presentation
12:00 pm – 12:10 pm Break
12:10 pm – 1:40 pm Working Group Session 2
1:40 pm – 1:50 pm Break
1:50 pm – 2:50 pm Working Group Feedback Session 2 10- to 12-minute share-out and Q & A per working group topic
2:50 pm – 3:00 pm Break
3:00 pm – 4:00 pm Presentation U.S. Department of Education
CE PD Workshop Overview 2 of 2
© 2018 Safal Partners49
During this session participants are expected to work together, along with the group facilitator, to discuss and respond to the working group topic and guiding questions. The participants should be aware of the topics from the pre-workshop webinar.
The expectation is for the group to be able to develop at least one SMART goal by the end of the session.
Specific
Measurable
Ambitious
Reachable
Time-bounded
CE PD Workshop OverviewWorking Group Session 1
© 2018 Safal Partners50
Each working group will get 10-12 minutes to share out and conduct a Q & A with the entire cohort of grantees about what they accomplished in the working group.
The purpose of this feedback session is to allow all grantees to offer input on topics even if they were not able to participate in that actual group.
CE PD Workshop OverviewWorking Group Feedback Session 1
© 2018 Safal Partners51
Once each of the groups has the opportunity to complete Working Group Session 1 and Working Group Feedback Session 1, the participants will convene into working groups again to begin the process of action planning.
Action planning isa process which helps to focus ideas and to decide what steps need to be in place to achieve the goals. The action planning will involve:
1. Identify measurable objectives.
2. Prioritizingthe tasks effectively.
3. Identifying thesteps neededto achieve the goal.
4. Completingwork to a deadline.
CE PD Workshop OverviewWorking Group Session 2
© 2018 Safal Partners52
Each working group will get 10-12 minutes to share out and conduct a Q & A with the entire cohort of grantees about what they accomplished in the working group.
The purpose of this feedback block is to allow all grantees to offer input on a particular action plan if they were not able to participate in that actual group.
CE PD Workshop OverviewWorking Group Feedback Session 2
© 2018 Safal Partners53
In order to move forward with charter school driven educational reforms designed to increase access to high-quality instruction for all students, charter school are expected to maintain accountability in their performance. During the initial implementations of the Credit Enhancement grants, academic performance evaluation was difficult for numerous reasons, and over the past few years many States have received waivers for specific requirements of the NCLB adding complexity to academic evaluation.
This working group will engage in a discussion on the use of Credit Enhancement supporting high-quality charter schools determined by academic performance.
CE PD Workshop OverviewAcademic Performance
© 2018 Safal Partners54
Responsible for oversight, charter school boards have a direct impact on the capacity of charter schools to fulfill their mission, and act as stewards of the public’s interest. Key staff positions such as the, Chief Executive Officer, Chief Financial Officer, Chief Academic Officer, and Senior Operations Staff, are crucial in operating a successful charter school and ensuring the school has a strategic operating plan that clearly defines measurable indicators, metrics, and targets for the school’s non-academic performance.
This working group will explore the role of governing boards and operational staff in developing and executing charter schools’ strategic operating plans to ensure progress toward its goals.
CE PD Workshop OverviewNon-Academic Performance and Capacity:
Board Governance & Operations
© 2018 Safal Partners55
There are various and numerous opportunities for Credit Enhancement grant recipients to engage in collaborations and to expand the amount of capital to meet the facilities financing needs of various types of charter school operators (freestanding, independent charter schools –seasoned and unseasoned, emerging/evolving CMOs, established CMOs, etc.).
This working group will engage in discussion on the scope of Credit Enhancement grantees’ collaborative relationships and possible new collaboration opportunities.
CE PD Workshop OverviewCollaborations
© 2018 Safal Partners56
Credit Enhancement grantees have expressed a need for access to real time sources of information to increase the understanding of the impact of their Credit Enhancement portfolio. The Department is also trying to address a need to streamline the facility financing data collection and reporting processes.
This working group will explore strategies and innovations that support the seamless collection and organization of real time information which can be used to drive grantee decision making, as well as, evaluation and performance measurement efforts.
CE PD Workshop OverviewData Collection/Reporting
© 2018 Safal Partners57
Over the past year, several Credit Enhancement grantees have informed the Department of risk to their Credit Enhancement portfolio due to schools’ inability to service debt, refinance debt, or meet authorizer renewal criteria.
This working group will explore several aspects of risk management that have proven helpful in reducing risk to grantee’s Credit Enhancement portfolios, while serving the greatest need charter schools.
CE PD Workshop OverviewManaging & Mitigating Risk
© 2018 Safal Partners58
CE Program Updates — Clifton Jones
Analysis of Transaction CE Data — Jonathan Nakamoto
Update on Feasibility Report — Lydia Musher
CE Workshop — Clifton Jones
Questions and Comments
Agenda (Questions and Comments)
© 2018 Safal Partners59
Questions &
Closing Comments
© 2018 Safal Partners60
Contact
Lydia.musher@safalpartners.comjnakamo@wested.org
Visit
charterschoolcenter.ed.gov
Subscribe
tinyurl.com/ncsrc-subscribe
Follow
twitter.com/safalpartners
Thank you for joining us!
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